Credit Acronyms & Definitions
Here are some abbreviations. You may find them difficult to remember, so print them out to use later.
CA = Collection Agency
CMRRR = Certified Mail, Return Receipt Requested
CO or (R9) = Charge-Off
CR = Credit Report(s)
CRA = Credit Reporting Agencies – Equifax, Transunion, and Experian
Estoppel Letter = a written statement of facts to establish outstanding tradelines.
FCBA = (Original Creditor-directed) Fair Credit Billing Act = How debts can be collected.
FACTA = Fair and Accurate Credit Transactions Act and amendment to the FCRA.
FCRA = (Credit Bureau-directed) Fair Credit Reporting Act = Rules of how debts are recorded
FDCPA = (Collection Agency-directed) Fair Debt Collection Practices Act = How Debt Collectors can act
ITS = Intent to Sue
OC = Original Creditor
SOL = Statute of Limitations
Tradelines = an item in your credit report
UDF forms = Universal Data Forms = The form used to take off negative credit
PLEASE! Refer your friends to Cameron Bankruptcy Law or write a brief online review!